FHFA announcement prompts questions about Fannie, Freddie

Mel Watt, head of the Federal Housing Finance Agency, says Fannie Mae and Freddie Mac should focus on increasing the amount of credit available to homeowners. Watt's announcement is an about-face from previous directives, and it comes as the FHFA and other agencies work on rules governing securitized mortgages. The announcement also prompts a number of questions about the future of the mortgage giants.

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